Overview

* Allbirds Q2 2025 revenue beats analyst expectations, reaching $39.7 mln, per LSEG data

* Adjusted EBITDA loss of $12.6 mln beats analyst estimates, per LSEG data

* Revenue decline due to planned store closures and distributor transitions

Outlook

* Company revises full-year 2025 revenue to $165 mln-$180 mln

* Allbirds ( BIRD ) expects Q3 revenue between $33 mln and $38 mln

* Company anticipates Q3 adjusted EBITDA loss of $20 mln-$16 mln

* Allbirds ( BIRD ) sees U.S. Q3 revenue at $27 mln-$31 mln

Result Drivers

* REVENUE DECREASE - Net revenue fell 23.1% to $39.7 mln, attributed to planned retail store closures and international distributor transitions

* GROSS MARGIN DECLINE - Gross margin fell by 980 basis points to 40.7%, driven by increased promotional activity, inventory adjustments, and higher freight and duty costs

* COST CONTROL - SG&A expenses decreased to $24.2 mln, primarily due to lower personnel expenses, occupancy costs, and stock-based compensation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $39.68 $38.60

Revenue mln mln (3

Analysts

)

Q2 EPS -$1.92

Q2 Net -$15.50

Income mln

Q2 Beat -$12.60 -$17.70

Adjusted mln mln (3

EBITDA Analysts

)

Q2 Gross $16.15

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the footwear peer group is "buy."

* Wall Street's median 12-month price target for Allbirds Inc ( BIRD ) is $9.50, about 7.6% below its August 6 closing price of $10.22

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)